Fifth Third Wealth Advisors LLC Invests $1.72 Million in NVR, Inc. (NYSE:NVR)

Fifth Third Wealth Advisors LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 175 shares of the construction company’s stock, valued at approximately $1,717,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. International Assets Investment Management LLC increased its holdings in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in shares of NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after buying an additional 16,266 shares during the last quarter. TD Asset Management Inc lifted its position in NVR by 143.8% during the 2nd quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock worth $182,277,000 after buying an additional 14,167 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in NVR by 98.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock valued at $141,498,000 after acquiring an additional 8,684 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in shares of NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after purchasing an additional 8,140 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on NVR. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group raised their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Stock Performance

NVR stock opened at $8,955.13 on Wednesday. NVR, Inc. has a twelve month low of $6,052.58 and a twelve month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $27.40 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The business’s fifty day moving average is $9,435.69 and its 200-day moving average is $8,572.27.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $125.26 EPS. Equities research analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last 90 days. 7.00% of the stock is owned by insiders.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.